Legal Question in Bankruptcy in Michigan
My husband and I own a business. It is a corporation. We will have to declare bankruptcy. Will we lose our home?
Asked on 8/19/10, 1:11 pm
1 Answer from Attorneys
JASSI SACHDEV
LAW OFFICES OF JASSI S. SACHDEV, P.C.
More than likely - no. Assumption is that the corporation is declaring bankruptcy and not you. Even if you declare - you would come to an agreement to repay the loan.
Answered on 8/24/10, 1:34 pm